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- Sharps Technology launches $100M stock buyback to grow its Solana holdings.
- Solana Staking ETF (SSK) hits $382M, combining spot exposure with staking rewards.
- Liquid staking tokens like BonkSOL and JitoSOL offer flexible yield opportunities.
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Sharps Technology (Nasdaq: STSS) has announced a $100 million stock buyback program, signaling strong confidence in its digital asset strategy. The company plans to repurchase shares through both open market and private transactions, using the move to reinforce its Solana treasury.
The firm currently holds over 2 million SOL tokens, valued at more than $400 million, making the cryptocurrency the centerpiece of its digital asset portfolio. This buyback aligns with Sharps’ broader goal: leveraging its holdings to generate staking rewards while maintaining liquidity across the network.
Investing in Liquid Staking with BonkSOL
Beyond accumulation, Sharps Technology is allocating a portion of its SOL holdings to BonkSOL, a liquid staking token. This approach allows the company to earn staking yields while adding liquidity to Solana’s ecosystem—a strategy that underscores the growing role of liquid staking in corporate treasury management.
Other industry players are following suit. VisionSys recently outlined a $2 billion Solana treasury strategy aimed at improving liquidity and boosting long-term investor value. The company plans to stake $500 million in SOL over the next six months as part of the program’s first phase.
Solana Staking ETF Hits Record Highs
The momentum isn’t limited to corporate treasuries. The Solana Staking ETF (SSK), listed on the Cboe BZX Exchange, recently surged to $382 million in assets under management, setting a new record. Combining spot SOL exposure with staking rewards, the ETF has become a popular tool for investors seeking both yield and liquidity.
Also Read: VisionSys $2B Solana Treasury Plan Sparks 5% Price Surge
REX Osprey, the fund manager behind SSK, also integrated JitoSOL, Solana’s leading liquid staking token, allowing investors to enjoy staking returns without sacrificing tradability. The firm has even expanded its offerings with an Ethereum staking ETF (ESK), providing similar spot exposure and on-chain staking rewards for ETH holders.
Institutional Appetite for Solana Grows
Sharps Technology’s buyback and expanding Solana treasury strategy, combined with record-breaking ETF growth, highlight a growing institutional appetite for Solana and liquid staking products. As companies and funds explore new ways to integrate cryptocurrencies into their balance sheets, SOL continues to emerge as a key digital asset in U.S.-listed financial products.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
